London( CNN Business) 1. Fed triggers marketplace sell-off: The Dowslumped to the lowest level of the year on Wednesday after the Federal Reserve raised interest rates and indicated it expects more hikes next year.

New York (CNN Business)Wall Street is betting that a looming slowdown in economic growth will prevent the Federal Reserve from raising interest rates this year. It’s more evidence of how investors and economists (especially ones at the Fed) seem to be speaking different languages. 44% chance of rate cut The odds of at least one rate hike by January 2020 stood at nearly 70% a month ago, according to the CME FedWatch Tool, which measures probabilities based on futures contracts. But fears of a severe slowdown — or even recession…